Switch Mode Power Supply Transformers Market

Market Overview:

The global switch mode power supply transformers market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.

A switch mode power supply (SMPS) transformer refers to an electronic power supply unit that incorporates a switching regulator in order to provide the required output voltage using rectifiers, choppers, transformers, input filters and control circuits. SMPS transformers run at high frequency, step up and down voltages and provide isolation between input and output sources. As they also enable minimal energy dissipation and assist in the efficient utilization of power, they are widely utilized in commercial and industrial electronics products worldwide. Presently, the leading players are introducing SMPS transformers with multiple secondary windings that produce different voltage outputs.

A significant rise in the sales of consumer electronics, such as adapters, smartphones, refrigerators and personal computers (PCs), represents one of the major factors impelling the market growth. These transformers are lightweight and compact and reduce the overall size, noise and weight while improving efficiency. Consequently, they are gaining traction in medical devices, railway systems, communication devices and commercial power supplies. Moreover, due to flexible power conversion and reduced shipping costs, the application of SMPS transformers is increasing in industrial control systems and machine tools worldwide. Apart from this, the growing automotive industry that utilizes SMPS in portable car chargers is also contributing to the market growth. Furthermore, with the growing environmental concerns, the key players are focusing on the development of eco-friendly product variants. Other factors, such as the rising trend of miniaturized electronics components and the emergence of the Internet of Things (IoT), are anticipated to influence the market positively. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global switch mode power supply transformers market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type and application.

Breakup by Type:

• AC To DC
• DC To DC
• DC To AC
• AC To AC
   

Breakup by Application:

• Communication
• Automotive
• Consumer Electronics
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being APX Technologies Inc., Coil Winding Specialist Inc., Hang Tung Electronic Technology Co. Ltd., Infineon Technologies AG, Premier Magnetics Inc., Prisource Electronics Co. Ltd., Pulse Electronics Corporation (Yageo Group), Sumida Corporation, Tamura Corporation, TDK Electronics AG, and West Coast Magnetics.

Report Coverage:

Key Questions Answered in This Report:

• How has the global switch mode power supply transformers market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global switch mode power supply transformers market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global switch mode power supply transformers market and who are the key players?
• What is the degree of competition in the industry?